Despite the recent pullback in crypto prices, amazing things are happening behind the scenes.
Blockchain entrepreneurs and coders are hard at work building the infrastructure necessary for a robust alternative financial system.
Today, we’re going to analyze important recent news items and breakthroughs.
Bitcoin currently maxes out at around seven transactions per second. The Lightning Network (LN) allows it to increase to thousands of transactions per second, with near-instant settlement. LN accomplishes this by taking transactions off the blockchain and settling them later in bulk.
This tech may allow bitcoin to compete with traditional payment processors such as Visa and PayPal. It will take time to perfect this new payment network, but LN has the potential to revolutionize how cryptocurrency is used. Many other coins have announced plans to build similar improvements.
Binance launched only last year, but it has become the highest-volume crypto exchange in the world, with trading volume of around $1.5 billion per day. Currently based in Hong Kong, Binance recently announced that it will be moving to Malta. The small Mediterranean island has crypto- and fintech-friendly laws.
Malta’s prime minister even personally welcomed Binance to Malta on Twitter.
Binance says the move will also allow it to add “fiat trading” to its platform by partnering with local banks. Currently, Binance is a “crypto only” exchange, but the addition of fiat trading will allow it to become a major on-ramp into the crypto market.
Cboe Global Markets, which trades bitcoin futures, sent a letter to the SEC encouraging it to allow the introduction of bitcoin ETFs.
At least six companies are attempting to get bitcoin funds approved, but so far the SEC has denied their applications.
The demand for a publicly traded bitcoin vehicle is certainly there, but the SEC has been twiddling its thumbs for a while now. Let’s see how long it can hold out against the pressure.
Coinbase, the largest U.S. crypto exchange, has announced that it will be adding support for ERC20 tokens. In a blog post, Coinbase wrote, “This paves the way for supporting ERC20 assets across Coinbase products in the future, though we aren’t announcing support for any specific assets or features at this time.”
In essence, this means that Coinbase is planning to add more altcoins to its platform. This will drive more interest and altcoin buying. Now the speculation about which assets Coinbase will add next begins…
Exchanges continue to offer new trading “pairs” in fiat currencies (dollar, euro, yen, etc.). Major player Bitfinex just added new fiat trading pairs for EOS, NEO, IOTA, bitcoin and Ethereum.
Fiat trading pairs are how money enters the crypto world, and it’s not easy to accomplish due to anti-money-laundering laws. More fiat trading pairs means more money entering the system.
AdsCash on Its Route To become World’s #1 Currency For Online Advertising
Behind The Scenes Work Is Going On In Full Force With Adscash And Shortly Trading Will
Start Across Multiple Exchanges And New Partnerships Will Be Announced
– Nick Johnson
Ceo And Founder – Ads.Cash
“1969 Withdrawals now – happening every few minutes as you can see in the screenshot below taken directly from etherscan just now
As long as you have correctly withdrawn adscash into erc 20 compatible ether wallet and then followed the steps which I told you to follow yesterday you are good….
Tech is working fine and everything is fine from our end
Tested like 10,000 times without any issues
Excited to change so many lifes in 2018
With tons of partnerships in line and tech developments , we will be world’s #1 advertising currency by end of 2018
Mark my words
Lets get ready !” — Nick Johnson
FACEBOOK SHARES ARE LIVE!!!!!! WHOO HOO
VIVA LA REVOLUTION!!!
Go into your back office right now and just run a test with this product and see how powerful this really it!!! I expect you will be more than pleased with it!!
So much work has gone into making this happen so that we can help people make money online!! Let’s all give respect and thanks to our tech team and Nick Johnson for making it all work!!
Wanted to give you few updates with recent developments
1) We recently finished setting up our entity in Hongkong Also to get a stronger hold on South East Asia Market Plus at the same time shifting a lot of business operations in Asia to have a long lasting future for everyone around here
Our corporate business still remains strong in USA but looking at recent developments in Online Advertising Revenue Share market in USA , The Board at CI decided that it will be in best interest of everyone that we operate our Advertising Revenue Share Division outside of USA and While UK Is a great place to do business , nothing beats the flexibility when it comes to financial matters when you operate out of Hongkong
Simple small moves but will play a major role in ensuring that CI is around for you all for next 5 years , 10 years , 20 years and beyond …
2) Also some of you might have noticed that we ran into some rev share issues this week due to new timer installation and the reason for that was that there is a major tech migration happening as I write this…..
It’s almost done and very soon you will start seeing not one but multiple product launches
In this industry patience plays a very important role and would appreciate everyone’s patience as we are in growing stages and taking baby steps every day to become stronger and stronger for the future
3) KYC process has been implemented perfectly now and we have more than enough staff to ensure KYC ‘s are done in approx 72 hours time frame or before……
Payouts are getting processed in 72 to 96 hour time windows which is decent compared to the time frames which some of the payment processors like Payza and STP take and be rest assured we are doing our best to make them faster also and bringing in more payout modes…..
Daily 1 % improvement
Keep rocking everyone – See you on top
Hello Family Members
tech team is working on site currently and you may see some downtime today and this week
some security issues are taking time to get resolved after new security implementations in place
*so please keep refreshing frequently if you see error 26 or proxy error
2 Updates For The Day 🙂
1.) Most of the time today in finance was spend in clearing old pending withdrawls before 28th…
90 % of it is cleared and if yours is still pending then its either becuase your account reached the daily limit or your account details were wrong
2.) I got the latest update from our tech head and I am just copy/pasting his email to you so you exactly know what’s going behind the scenes
The Hack was un-expected (well… it always is :P) and exposed an entirely new paradigm of vulnerability to us. We understood that we were not just supposed to harden (increase security) our code and servers but also have to extend extra cautiousness towards the fact that there are third party tools like payment processors, etc.; integrated to our system that might be exploited.
This realisation forced us to stop all the ongoing development and put all our energy on hardening and optimising our code for third party integrations.
Currently we are in the process of reviewing the entire code once again and fixing/optimising/rebuilding anything and everything that deals with a third party application.
Apart from that, we had no plans to implement strict KYC in the first year of operations and hence there were no developments on that front.
This hack event forced us to take implement this feature immediately. We had started the development from the scratch and now we are on the verge of completing the KYC module.
It was supposed to be live in this week but its taking a bit longer than expected and should be live anytime in the first half of next week.
It took us a while to develop this feature because at Click Intensity we just don’t do anything for sake of doing it. We follow global coding standards and ethical practices, hence we had to ensure that any document that our affiliates would upload, should be encrypted right from their browser windows till our databases and further.
A lot of similar high standard practices were in place while developing this feature, so as to keep your personal data safe.
Another dimension of KYC is human efforts.
We understood that there will be a HUGE flow of KYC requests, as soon as we go live with it. After all, we more than a 111,000 affiliates today 🙂
It requires a lot of human efforts for verification of documents images and cross verification with government authorities as per the country of residence of the respective affiliates.
We had to recruit heaps of reps and train them for the entire process, which involved training on ethical KYC practices, Data security, Communications with Government Authorities, banking norms for KYC, and what not…
Its a herculean task and you must be expecting it to take another 4 weeks to complete
BUT Our super awesome core team has unbelievably executed it all by headhunting the best professionals, who already knew the process and at the same time structured the entire process in the way that all the fresh recruits would process most of the tough jobs and these professionals would just supervise to achieve the desired perfection !
I would still request you to be patient after uploading your KYC details once the feature goes live, coz we’ll have a whooping 111,000 applications to process.
Just to give you an idea, it takes healthy 5 minutes to complete just documentary verification as if flows through multiple digital signatures of KYC Verification and Finance department.
Leave apart the verification process that involves local Governments and authorities.
Rest-assured, we’ll do our best to complete it as fast as possible.
So, this was what kept us from launching our gold product ‘Facebook Share’, which was scheduled to be live last week.
Once things start settling and we get back on scheduled development, you’ll start witnessing
Anyhow, we are back on track and with hell more SOLIDARITY.
Long Live ClickIntensity !!!
I wish I had something exciting to tell you for now but at times boring things have to be done first in order to make the future exciting for everyone…
100 % of the tech team is currently busy 12 hours a day in fixing system leaks and we have hired some of the top hackers to point out the system loopholes and lets just say we are implementing top notch security systems right now…
It’s taking a bit longer than expected but then that’s nothing new when it comes to technology 🙂
Have been dealing with tech all my life and things always take a bit longer than expected
Moment the tech team is done fixing the leaky areas when it comes to finance , KYC will start and after that other payment withdrawl options will also go live
For Now STP is doing fine and requests are in queue and getting cleared one by one….
Our FB share product is ready waiting to be deployed and so are other products such as banner ads , login ads etc
Last month we finished a major corporate advertising deal and this month we are already in talks with few major advertisers and deals have reached final phase of negotiation..
You should be seeing increase in revenues slowly and steadily…
As I Always say – keep doing what you are supposed to do and we will do what we are supposed to do and together we will create an amazing future for everyone involved here
STP Manual Withdrawals are live now up to $100/24 hours…
For next 24-48 hours the requests will be slowly approved as tech is checking all transactions and then will speed up
Thanks for the patience…..
So let me take time to explain the logic behind changing revenue shares and what it means for your business
Think of CI like any other traditional business which is legal and legitimate…
Imagine you have a shop and you sharing your profits with your customers..
Now ask yourself a basic question ?
Will your profits be same everyday or will be different everyday ?
Is there a minimum or maximum ?
Obvious answer is different…
and there is no minimum or maximum though there can be expected minimum or maximum….
That’s what separates a Revenue Share from illegal ponzi’s , HYIP’s…….as there timeline is fixed and no wonder all of them either close or get closed by the government as to sell investments you need to be registered with local authorities in every country and follow very strict guidelines…
Now compared to that a rev share is a different ball game all together
First of all for your $25 you get a legitimate product which is traffic and there is no fixed cost for traffic – it’s up to us on how much we charge for it…..
So here in Click Intensity , you get 1000 silver coins = 200 minimum impressions in the traffic exchange for any product/website you have…
Next Since you help the company in growing by logging in and clicking ads everyday which you anyhow do in any online website you surf like google , facebook etc – we as a company decide to share our profits with you……and there is a limit for that i.e each $25 purchase yields $30 and stops or else we will go bankrupt…lol…
Now like a real business – our profits change everyday and hence the revenue which you get paid changes everyday and at times multiple times in a day..
Bottomline – you need to stop looking at these figures every hour , multiple times in a day as there is nothing you or we can do about it…..
Those figures are calculated using very complex algo’s which calculate system wide profit and losses every few hours……
Only thing which you should be concerned about is you clicking your 10 ads daily , getting your rev shares and $25 expiring into $30….
The daily revenues and time lines will always vary ….sometimes will be less , sometimes will be more ……..
Now what we had for first 90 days i.e an average figure per 30 minutes was just a make shift arrangement as to develop these complex algo’s from the programming side takes a lot of working man hours and we first wanted to get the launch in place and then all basic tech stuff and financial stuff……..
But now it’s all done and live and exciting….
This is what makes Click Intensity a legit revenue share and this is what ensures the longevity of the company and ensures that we are around for years to come…..
Hope this helps
Tag your entire team in this post so they all understand this…..
We are almost done with Automation Of Bitcoin Payout Withdrawls And Integration Of Few Other Processors…
Exciting week ahead
— Nick Johnson